{
  "id": 15681287,
  "title": "Asia’s next-gen least involved in post-sale plans for family business: survey",
  "url": "https://urgent.news/2026/10/20/asias-next-gen-least-involved-in-post-sale-plans-for-family-business",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T01:30:00.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/asias-next-gen-least-involved-post-sale-plans-family-business-survey"
  },
  "original_language": "en",
  "account": "Succession planning is a top priority for Asia's ultra-wealthy families, yet the next generation often has little say in post-sale decisions, according to a new report. Only 8.4% of advisers to ultra-high-net-worth (UHNW) families in Asia said the next generation actively participates in implementing strategies after the sale, the lowest among regions surveyed. Europe and the Middle East see 13% and 16.7% participation, respectively. In Asia, 42% of respondents said the next generation was consulted but had no vote, while 8.4% said they were not consulted at all. The report surveyed 700 financial professionals worldwide who advise UHNW families, with 20.2% of their clients based in Asia. Julius Baer's Christos Anagnostopoulos noted that succession and exit decisions often occur simultaneously, leaving families to grapple with questions such as whether the next generation wants to take over and if they are prepared to do so. Global data shows that only 2.3% of families are fully prepared for a sale or transition, and emotional attachment to the business is a major source of tension. In Asia, building a family legacy was the second-highest priority after succession planning, while opportunities for individual and family growth were third.",
  "summary": "Gaps in valuation expectations are also most-cited cause of family misalignment during exit decisions in region",
  "key_points": [
    "Only 8.4% of advisers say next generation actively participates in post-sale plans in Asia.",
    "42% of respondents say next generation consulted but had no vote in decisions.",
    "Building family legacy is second-highest priority in Asia after succession planning."
  ],
  "editors_take": "Excluding the next generation from post-sale decision-making creates a disconnect between legacy preservation and the actual interests of the heirs who will inherit the family's wealth.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Asia’s ultra-wealthy next-gen have least say in post-sale plans for family business: Julius Baer",
        "url": "https://urgent.news/2026/10/20/asias-ultra-wealthy-next-gen-have-least-say-in-post-sale-plans-for",
        "published": "2026-10-20T01:30:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}